Accurate and up-to-date SDY data is key in making sound decisions within your role, not only because it can increase chances of winning more often but also because its fundamentals need to be understood for optimal decision-making. In this article we’ll look at what SDY data is and how you can utilize it effectively.
SDy (Statistical Difference in Dollar Terms) is a statistical method for estimating performance differences in dollar terms between candidates or current role incumbents, typically used during selection questions or training. SDy can help in many ways; most notably when choosing between two candidates who can both perform the job but one has significantly more salary – for instance using it could help decide between them when considering extra risk is warranted by higher salary options.
SDy can help determine the value of an external assessment center or existing training program; and whether investing in specific tools and systems will yield a positive return.
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